🚨The Sikkim High Court ruled that businesses can claim a refund of unutilised Input Tax Credit (ITC) even after shutting down operations. This came after SICPA India’s refund was initially denied despite having reversed ITC on asset sales. The court held that there’s no legal bar in the CGST Act preventing such refunds, reinforcing that tax cannot be retained without authority of law. *This is a landmark judgment - now, we’ll have to wait and see how CBIC responds to it.*